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Please help me with step by step solution. Where have we used the dataset in this question ? The problem statement for this HW: You
Please help me with step by step solution. Where have we used the dataset in this question The problem statement for this HW: You are producing beverage mugs and are trying kjjjto identify the best pricefeaturevector. Assume the following attributes and attribute levels: Price: $ $ $ Time Insulated: hrs hrs hrs Capacity: oz oz oz Cleanability: Difficult min Fair min Easy min Containment: Slosh resistant, Spill resistant, Leak resistant Brand: A B C Assume the following as the "proposed market scenario", ie the scenario with the current competitors and our proposed candidate. Incumbents : $ hrs oz Clean Easy, Leak Resistant, Brand A : $ hrs oz Clean Fair, Spill Resistant, Brand B Our proposed candidate : $ hrs oz Clean Easy, Leak Resistant, Brand C Assume the following cost structure: Time Insulated: hrs costs $ hrs costs $ hrs costs $ Capacity: oz costs $ oz costs $ oz costs $ Cleanability: Difficult min costs $ Fair min costs $ Easy min costs $ Containment: Slosh resistant costs $ Spill resistant costs $ Leak resistant costs $ You are given data on the preference parameters of consumers in this file: mugs preferenceparametersfull.xlsx The CSV version of this file is here: mugspreferenceparametersfull.csv Questions: Using the compensatory rule with logit adjustment: Compute and report our candidate's share, cost, margin and expected profit per person under the "proposed market scenario" given above. This question is a strict subset of the next question. If you have done the next question successfully, then all you need to do for this question is report the numbers for Product Candidate which corresponds to our proposed candidate in the "proposed market scenario" given above. Even though this question is a strict subset of the next question, I am asking for it separately. This is because not all students may be able to do the next question successfully as it is a larger and more general computation. Hint to check your answer: The number you should get for expected profit per person is between and
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